News
AEW Acquires 300-Unit Frisco Property
After utilizing a $51.3 million construction loan to build a 300-unit rental property in Frisco, Hillwood sold the project to AEW Capital Management. Commercial Edge reported that Comerica Bank originated the debt. JHP Architecture designed the five-story building. The units comprise studio, one-, and two-bedroom layouts, averaging 902 square feet. The Casey features coworking spaces,...
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High Street Starts Work on Two Allen Rental Communities
High Street Residential (HSR) and its development partners have broken ground on two new housing developments at the southeast corner of Custer Road and State Highway 121 in Allen, Texas. The projects include the 434-unit Crestview Apartments and the adjacent Crestview Townhomes, a 102-unit for-rent townhome community. Both developments, part of a larger 60-acre mixed-use...
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DFW Land Acquires 112 Acres in Celina, $250M Mixed-Use Development on Way
DFW LAND’s Vijay Borra has purchased 112 acres from the Choate Family at the high-profile intersection of the Collin County Outer Loop and Preston Road in Celina. DFW LAND has retained DB2RE to target retail, medical, hospitality, and office users and identify a multifamily development partner should residential components be included in the final master...
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TerraLane Buys Queen Creek Land, to Build BTR Community
TerraLane Communities acquired 22 acres in Queen Creek, Arizona, to develop TerraLane at Hudson Station. The new rental community will include 218 homes, including single-level and two-story townhomes. Located at the southeast corner of 220th Street and Queen Creek Road, the new community will include: 24 single-story two-bedroom duplex units (approximately 1,450 square feet) 97...
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Starlight to Invest $750M in Canadian Multi-Family Acquisitions
Starlight Investments plans to acquire $750 million worth of multi-family real estate assets in major Canadian markets and Victoria, B.C., through a newly established investment fund. The company has partnered with CIBC on the Starlight Canadian Core Multi-Family Fund. The open-ended fund is focused on acquiring and managing a diversified portfolio of high-quality, income-producing, purpose-built-rental...
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JV Pays $41.2M for Miami-Area Senior Living Facility
Royal Senior Care has sold its 127-unit senior living facility in Miami-Dade County for $41.2 million. Winterpast Capital Partners and Vitality Senior Living acquired the Oasis at Coral Reef, at 15005 to 15060 S.W. 97th Ave. The South Florida Business Journal reports that Forbright Bank provided a $35.9 million mortgage to the buyer. Royal Senior...
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West Palm Beach Investors Buy Out Condo Owners, Redeveloping Site
For a West Palm Beach joint venture team, it’s out with the old and in with the new. Kolter Group and Perko Group bought out all the owners of a 38-unit condominium property (photo) on the Intracoastal Waterway in West Palm Beach. The group paid $37.6 million to buy out the condo owners and plans...
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Holly Springs Apartments to Overlook Baseball Stadium
An affiliate of Capital Broadcasting (CBC) in Raleigh is developing a 237-unit apartment complex with 15,000 square feet of retail in Holly Springs. The project, on Main Street, is across the street from Ting Park, where the Holly Springs Salamanders play. Overlook on Main will have two 5-story apartment buildings and a single-story retail building...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout